United States — Texas
Insurance Code § 883.103
1 provisions
The department must authorize a qualifying foreign mutual insurance company to write permitted insurance in Texas, and the company may not use a confusingly similar name.
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4,174 matching statutes
United States — Texas
1 provisions
The department must authorize a qualifying foreign mutual insurance company to write permitted insurance in Texas, and the company may not use a confusingly similar name.
United States — Texas
1 provisions
Some undercapitalized insurance companies must raise capital on a schedule and immediately after certain control changes.
United States — Texas
1 provisions
Foreign and alien life and mutual insurance companies must meet minimum capital or surplus requirements before the department may issue a certificate of authority, and before they may do business in Texas.
United States — Texas
1 provisions
People connected to a mutual insurance company may lend it needed money, the company may repay loans and agreed interest only from surplus, the loans are not treated as liabilities, the company may not pay loan-related commissions or promotion expenses, and it must report each loan in its annual statement.
United States — Texas
1 provisions
A state trust company generally may not invest above its restricted capital in certain facilities and related property without prior written approval from the banking commissioner.
United States — Texas
1 provisions
On a conversion, the converting company’s existence continues in the resulting company, its assets and rights vest in the resulting company, and the resulting company takes on the converting company’s obligations and liabilities.
United States — Texas
1 provisions
This section defines key terms used in the subchapter, including insurance-company roles, guaranties, reinsurance contracts, and a 3% material-transaction threshold.
United States — Texas
1 provisions
A mutual holding company must keep a majority of the voting shares in the resulting company or an intermediate holding company, and it cannot transfer or encumber those majority shares without the commissioner’s consent.
United States — Texas
1 provisions
Certain foreign or alien insurance companies must file a sworn written or printed financial statement with the department before doing insurance business in the state.
United States — Texas
1 provisions
The department may issue a provisional company license to certain out-of-state applicants, and must decide the later company-license application by the 180th day after the provisional license is issued.
United States — Texas
1 provisions
A surety company must notify a claimant in writing whether it accepts or rejects a claim within the stated time limits, and must explain any rejection in specific terms.
United States — Texas
1 provisions
A policyholder may lend money to a county mutual insurance company for permitted business or compliance needs. The company may repay the loan and interest only with commissioner approval, from surplus after required reserves and liabilities are covered, and at up to 10% annual interest. The company may not pay loan-rel
United States — Texas
1 provisions
Certain officers, directors, or authorized persons may loan money to a mutual life insurance company for specified business or legal purposes, and the company may repay the loan with interest subject to a 10% annual cap.
United States — Texas
1 provisions
Some LLC governing persons and certain officers count as agents of the company for business purposes, and acts by those agents can bind the company in specified circumstances.
United States — Texas
1 provisions
This section defines key insurance-conversion terms used in the chapter.
United States — Texas
1 provisions
A certified capital company can be decertified for material violations, and the comptroller must notify the company’s officers before decertification may occur.
United States — Texas
1 provisions
An alien or foreign insurance company must appoint a Texas agent for service of process before getting a certificate of authority; if it does not, the commissioner becomes the agent for service in the listed cases.
United States — Texas
1 provisions
A farm mutual insurance company may apply to the department to extend its charter, and the department must charge a $10 fee.
United States — Texas
1 provisions
This section defines key terms used in the chapter, including “boycott energy company,” “company,” “direct holdings,” “financial company,” “indirect holdings,” “listed financial company,” and “state governmental entity.”
United States — Texas
1 provisions
An insurance company may enter into an income generation transaction only if asset-value and transaction-type limits are met.